joining me live now, tyler matheson of cnbc's "power lunch." >> great to be with you. >> in the simplest of terms if no deal is reached, what does it mean for the average person who's watching us right now? >> it will mean two things. starting next week, you will get 2% less in takehome pay. that because the so-called payroll tax holiday which is one of the provisions put in place as a result of the financial melt down and the revegs will vanish. it is unlikely to be renewed. that's hit number one. hit number two, taxes on virtually everyone. no deal. will go up. if you earn between $50,000 and $75,000 a year, the average person in that income category will see their taxes go up next year by $2,400 a year. that's about $93 a paycheck if you're paid every other week. however, the irs has not yet told employers what the withholding rate should be so the first nibbles at the paycheck as a result of the lapsing of those so-called bush tax cuts probably won't be felt until your second, third or fourth paycheck of the year but what it means is less money in your paycheck soon. >> business conf